Roxy Redenbaugh's (roxyred) Blog

Mortgage and Lending - Roxy Redenbaugh (Acceptance Capital Mortgage Corporation)
Stunned!! The only way to describe what we saw at 8:30 when the BLS employment report was released, mouths dropped, words were hard to come by with one of the weakest monthly employment reports in over a year. Non-farm jobs, expected up 100K were up just 18K; private sector jobs expected up 125K,...
"Never look down on anybody unless you're helping him up." Confucius
On Friday the May employment report disappointed with only a 54k gain vs an expected 165k gain in nonfarm payrolls and an increase of the unemployment rate to 9.1% vs an expected 8.9%.  Last week was filled with weak economic data and stocks finished the week down more than 2.0% and Treasuries an...
The 5-year was +2/32 (1.762), the 10-year was -4/32 (3.129) and the 30-year was -18/32 (4.279).  Yesterday's government bond sale elicited even greater demand than Tuesday's 2-year auction.  Meanwhile, strength in equities weighed on longer dated bonds.  In other news, April durable goods orders ...
There was little news on Friday other than the deteriorating saga of Greek debt, a story that is beginning to feel as old as the Acropolis.  Markets were sorting through European solvency concerns causing the Dow to surrender 93.28 points.  Meanwhile, the 10-year Treasury rose 6/32 (3.152%).  Mor...
Tuesday's bond market is in negative territory following early stock gains and stronger than expected results from an important economic report. The Dow is currently up 89 points while the Nasdaq has 37 points. The bond market is currently down 19/32, which will likely push this morning's mortgag...
Many Baby Boomers are not prepared financially to retire. This group as well as many older seniors are still working into their 70's and 80's, is just wrong, what has happen to the golden years, it is fast disappearing for our elderly and replaced with stress, financial despair and hopelessness,...
Wednesday's bond market has opened in positive territory following the release of some mixed housing data and early stock losses. The Dow is currently down 3 points while the Nasdaq has lost 22 points. The bond market is currently up 4/32, but we will still likely see an increase of approximately...
Friday's bond market has opened in positive territory after this morning's economic data gave us mixed results. The stock markets are showing minor gains with the Dow up 12 points and the Nasdaq up 5 points. The bond market is currently up 8/32, which should improve this morning's mortgage rates ...
Thursday's bond market has opened in positive territory after this morning's only economic data gave us favorable results. The stock markets are also helping to boost bond prices with losses in the Dow of 43 points and the Nasdaq 3 points. The bond market is currently up 9/32, but we will still s...

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